Should you join the Guzman y Gomez fiesta?

Opinion Should you join the Guzman y Gomez fiesta? Last week, the publicity hype machine was set to “fiesta” mode with much fanfare over the Guzman y Gomez listing on the ASX. However, investors should be wary of piling into initial public offerings (IPOs) because for every Nvidia, Google, Apple or Microsoft that turns out to be a big winner, there are thousands of losers. Take it from someone who learnt the hard way, the cards are stacked against us …